LTC/USDT – 4H – SELLThe currency pair goes from the ascending trendline down.
A bearish movement down to the next support level at 62.100000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 66.760000000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 63.82 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 66.760000000 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 67.990000000 |
| 2nd High | 67.000000000 |
| Next High | 66.760000000 |
| Current Price | 64.660000000 |
| Next Low | 62.100000000 |
| 2nd Low | 60.130000000 |
| 3rd Low | 59.650000000 |